Much-Criticized ITS Rides into the Sunset
Traders Magazine, September 2005
The ITS is on life support. The nation's stock markets, in the wake of Reg NMS, intend to scrap the nearly 30-year old Intermarket Trading System (ITS). In its place, they plan to use proprietary networks or contract with independent vendors to handle order routing in exchange-listed securities. The nine members of the ITS may or may not agree to participate in a temporary consortium-based network a sort of ITS II as an intermediary step to fully private networks.
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